Germay's 'stupidest bankers'
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22 / F / england
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Posted 9/19/08
BERLIN (AFP) - Three executives dubbed "Germany's stupidest bankers" in the press have been suspended from state bank KfW over erroneous transfers of more than 500 million euros (710 million dollars) to the bankrupt Lehman Brothers, the KfW said.

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Two board members and a top risk control manager were suspended "pending final clarification of the incident" following a meeting of KfW's supervisory board meeting attended by top ministers including Finance Minister Peer Steinbrueck, the bank said in a statement late Thursday.

A law firm has also been hired to see if further "consequences" are appropriate and the bank, already under fire over its rescue of IKB -- Germany's biggest casualty of the subprime crisis -- will subject its business procedures, especially those of risk management, to an "in-depth audit."

The bank state-owned lender mistakenly transferred more than 350 million euros to Lehman Brothers on Monday after the US investment bank filed for bankruptcy protection, and according to the Bild daily the total exposure has since been established at 536 million euros.

"I have never experienced anything like it in my life," Bild quoted Steinbrueck as saying after the meeting.



Bloody hell.
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27 / M / Bangalore,India
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Posted 9/19/08
What happened to the money then?
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F
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Posted 9/19/08
I bet they lost the money!
Posted 9/19/08
Well, there seem to be a lot of "educated" idiots there, and haha, the joke, I bet they all had A's in every subject...haha, so decent.

Floetry~
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21 / M / UK
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Posted 9/19/08

"I have never experienced anything like it in my life," Bild quoted Steinbrueck as saying after the meeting.

well done for stating the obvious...
you get a sticker lol
btw what happened to the motherload?
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21 / F / My body lives in...
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Posted 9/19/08 , edited 9/19/08
this may be good .....i can give my account number so they can mistakenly transfer euros
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24 / F / a country with 2...
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Posted 9/19/08
aye,then,what happened to all the booty?(since its the pirate talk international day and all)
Posted 9/19/08
Hmm? Sound's like me.
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Posted 10/25/08


LOL! Modern bankrobbers don't walk with guns inside the bank anymore. They transfer a huge amount of money to another institute and from there on to another account. A nearly broken down institute in the US is probably a lucky chance!
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28 / M / Noitacol
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Posted 10/25/08
ha ha ..thts funny
Posted 10/25/08
OMG
I wanna go to germany
so that they can mistakenly transfer money >.<
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Posted 10/25/08
i quote to Steinbrueck at least now you experienced it xD
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